Price for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kenya - 2023
Contents:
- Price for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kenya (CIF) - 2023
- Price for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kenya (FOB) - 2023
- Imports of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kenya
- Exports of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kenya
Price for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kenya (CIF) - 2023
The average import price for fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses stood at $4.9 per square meter in December 2023, which is down by -57.3% against the previous month. In general, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in September 2023 when the average import price increased by 266% m-o-m. The import price peaked at $16.8 per square meter in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Hong Kong SAR ($6.0 per square meter), while the price for China stood at $3.1 per square meter.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (+74.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kenya (FOB) - 2023
In October 2023, the average export price for fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses amounted to $10.1 per square meter, surging by 272% against the previous month. In general, the export price continues to indicate a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From September 2023 to October 2023, the rate of growth in terms of prices for the United States amounted to 0.0% per month.
Imports of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kenya
In 2022, approx. 43M square meters of fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses were imported into Kenya; growing by 80% against the previous year's figure. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 419% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses skyrocketed to $32M in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 495%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 1.7 | 7.6 | 15.6 | 109.4% |
| South Korea | 0.2 | 0.4 | 3.6 | 7.4 | 233.2% |
| Indonesia | 0.3 | 0.6 | 4.5 | 4.3 | 142.9% |
| Hong Kong SAR | N/A | 0.1 | 1.0 | 2.5 | 400.0% |
| United Arab Emirates | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Others | 0.1 | 0.1 | 0.9 | 2.4 | 188.4% |
| Total | 2.5 | 3.0 | 17.7 | 32.5 | 135.1% |
Top Suppliers of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments to Kenya in 2022:
- China (17.9M square meters)
- Indonesia (15.7M square meters)
- South Korea (4.8M square meters)
- Hong Kong SAR (2.9M square meters)
- United Arab Emirates (0.2M square meters)
Exports of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kenya
In 2022, exports of fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses from Kenya declined notably to 5.1K square meters, with a decrease of -41.5% against the previous year's figure. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 8,911%. As a result, the exports attained the peak of 8.7K square meters, and then declined dramatically in the following year.
In value terms, exports of fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses dropped significantly to $3.6K in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 5,260% against the previous year. As a result, the exports attained the peak of $5.4K, and then reduced remarkably in the following year.
| Export of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 762 | 86.0 | 2,307 | 3,169 | 60.8% |
| United States | 80.0 | 9.0 | 260 | 242 | 44.6% |
| Tanzania | 21.0 | 3.0 | 119 | 148 | 91.7% |
| Uganda | 19.0 | 1.0 | 28.0 | 28.0 | 13.8% |
| Rwanda | N/A | 1.0 | 2,551 | N/A | 255000.0% |
| Myanmar | 132 | N/A | N/A | N/A | 0% |
| Others | 31.0 | N/A | 95.0 | 5.0 | -45.6% |
| Total | 1,045 | 100 | 5,360 | 3,592 | 50.9% |
Top Export Markets for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments from Kenya in 2022:
- United Kingdom (2.7K square meters)
- Tanzania (1.7K square meters)
- United States (0.7K square meters)
- Uganda (0.1K square meters)
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